For the monopolistically competitive wild-caught seafood market,the demand curve for any individual firm is _____,and there are _____ producers of seafood.

Question

Quizplus · Accepted Answer

In monopolistically competitive markets, firms have a downward-sloping demand curve because they can differentiate their products from those of competitors. There are many producers of wild-caught seafood in the market, so the answer is D.

For the Monopolistically Competitive Wild-Caught Seafood Market,the Demand Curve for Any